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Title: This Chart Buried in a Technical Report Reveals West Red Lake Gold’s Potential Reserve Count in the Current Gold Environment

Canada, 27th Feb 2025 – Sponsored content disseminated on behalf of West Red Lake Gold. On February 18, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced the filing of its independent pre-feasibility study (PFS) prepared by SRK Consulting.The reserve cut-off price that was used in the PFS was US$1,680 per oz.“Investors are surprised how conservative that number is,” Gwen Preston, VP of Communications told Guy Bennett, CEO of Global Stocks News (GSN). “But there’s a simple explanation.”“SRK has internal guidelines for a PFS,” Preston continued. “The reserve cut-off price would be higher for a full Feasibility Study. The fact that we are going directly from PFS to production does not change SRK’s guidelines.”Buried in the “Other Relevant Data” section of the 395-page technical report and noted in the Executive Summary, is a chart that shows how the reserve count could potentially change at gold prices closer to the current price of US$2,900.The SRK chart below reveals what tonnes from the resource would have made it into consideration for inclusion in the reserve at higher reserve gold price cut offs.The first blue column is the WRLG reserve as stated in the PFS, at the US$1680 cutoff price. This reserve was drawn from the second blue column, which shows the tonnes of the resource that were considered for inclusion in reserve.Access development and other cost factors were then applied to reach the reserve base shown in the first column. That’s why columns one and two have US$1,680 in the label, but different totals.One takeaway is that access development is very important at Madsen. It was the force that reduced potential reserve tonnes by half to get the actual reserve.The other takeaway is that increasing the reserve cut off price to US$2,40...

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